Cranfills Gap at a glance
- Population: 286, the 1,098th-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 277 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 3.2% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: the 1,098th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: about 10% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: mapped at 31.7748, -97.8330 by the US Census Bureau Gazetteer.
- Nearest larger cities: Clifton, TX (15 mi); Iredell, TX (15 mi); Meridian, TX (15 mi); Hamilton, TX (18 mi); Hico, TX (19 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Aquilla, TX (36 mi); Ross, TX (42 mi); Carl's Corner, TX (50 mi) (US Census Bureau estimates).
What a personal loan costs in Cranfills Gap
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Texas lending rules that apply in Cranfills Gap
Read the table as the compliance picture for a lender serving Cranfills Gap: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
How to compare offers in Cranfills Gap
Before you share your details with a lender in Cranfills Gap:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.